换肤

通富微电

i问董秘
企业号

002156

主营介绍

  • 主营业务:

    集成电路封装测试服务提供商,为全球客户提供从设计仿真到封装测试的一站式服务。

  • 产品类型:

    集成电路封装测试、模具及材料销售

  • 产品名称:

    集成电路封装测试 、 模具及材料销售

  • 经营范围:

    研究开发、生产、销售集成电路等半导体产品,提供相关的技术服务;自营和代理上述商品的进出口业务。(依法须经批准的项目,经相关部门批准后方可开展经营活动)

运营业务数据

最新公告日期:2026-08-29 
业务名称 2026-06-30 2025-12-31 2024-12-31 2023-12-31 2022-12-31
专利数量:申请专利:软件著作权(件) 20.00 - - - -
专利数量:申请专利(件) 38.00 59.00 95.00 166.00 -
产量:集成电路封装测试(块) - 459.06亿 376.19亿 317.73亿 -
销量:集成电路封装测试(块) - 456.54亿 376.91亿 318.91亿 -
专利数量:授权专利(件) - - 142.00 - -
施工面积(平米) - - 24.45万 - -
专利数量:软著登记(件) - - - 27.00 -
集成电路封装测试产量(块) - - - - 339.46亿
集成电路封装测试销量(块) - - - - 335.22亿

主营构成分析

报告期
报告期

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营业收入 X

单位(%) 单位(万元)
业务名称 营业收入(元) 收入比例 营业成本(元) 成本比例 主营利润(元) 利润比例 毛利率
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注:通常在中报、年报时披露 

主要客户及供应商

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前5大客户:共销售了194.16亿元,占营业收入的69.54%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
146.00亿 52.29%
客户2
17.36亿 6.22%
客户3
14.22亿 5.09%
客户4
8.82亿 3.16%
客户5
7.75亿 2.78%
前5大供应商:共采购了63.56亿元,占总采购额的24.21%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
14.23亿 5.42%
供应商2
13.71亿 5.22%
供应商3
12.97亿 4.94%
供应商4
11.51亿 4.38%
供应商5
11.15亿 4.25%
前5大客户:共销售了164.78亿元,占营业收入的68.99%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
120.25亿 50.35%
客户2
15.16亿 6.35%
客户3
14.22亿 5.95%
客户4
9.37亿 3.92%
客户5
5.78亿 2.42%
前5大供应商:共采购了56.51亿元,占总采购额的26.76%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
16.90亿 8.00%
供应商2
13.82亿 6.55%
供应商3
9.57亿 4.53%
供应商4
8.82亿 4.18%
供应商5
7.40亿 3.50%
前5大客户:共销售了161.73亿元,占营业收入的72.62%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
132.24亿 59.38%
客户2
10.73亿 4.82%
客户3
6.53亿 2.93%
客户4
6.15亿 2.76%
客户5
6.07亿 2.73%
前5大供应商:共采购了71.47亿元,占总采购额的35.38%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
19.17亿 9.49%
供应商2
19.04亿 9.43%
供应商3
13.36亿 6.61%
供应商4
11.88亿 5.88%
供应商5
8.02亿 3.97%
前5大客户:共销售了147.64亿元,占营业收入的68.90%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
116.03亿 54.15%
客户2
11.23亿 5.24%
客户3
8.26亿 3.86%
客户4
6.43亿 3.00%
客户5
5.68亿 2.65%
前5大供应商:共采购了85.29亿元,占总采购额的35.26%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
25.61亿 10.59%
供应商2
18.66亿 7.71%
供应商3
16.86亿 6.97%
供应商4
13.77亿 5.69%
供应商5
10.40亿 4.30%
前5大客户:共销售了95.60亿元,占营业收入的60.46%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
70.37亿 44.50%
客户2
10.14亿 6.41%
客户3
5.90亿 3.73%
客户4
4.77亿 3.02%
客户5
4.42亿 2.79%
前5大供应商:共采购了45.52亿元,占总采购额的23.44%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
11.77亿 6.06%
供应商2
9.98亿 5.14%
供应商3
9.84亿 5.07%
供应商4
9.16亿 4.72%
供应商5
4.77亿 2.46%

董事会经营评述

  一、报告期内公司从事的主要业务
  (一)公司主要业务情况
  公司是集成电路封装测试服务提供商,为全球客户提供从设计仿真到封装测试的一站式服务。公司的产品、技术、服务全方位覆盖了人工智能、高性能计算、大数据存储、显示驱动、5G等网络通讯、信息终端、消费终端、物联网、汽车电子、工业控制等多个领域,满足了客户的多样化需求。
  公司总部位于江苏南通,拥有全球化的制造和服务网络,在南通、合肥、厦门、苏州、马来西亚槟城布局九大生产基地,实现了高效率和高质量的生产能力,为全球客户提供快速和便捷的服务,在全球拥有超两万名员工。公司与客户紧密合作,致力于成为国际级集成电路封测企业,通过技术创新、市场拓... 查看全部▼

  一、报告期内公司从事的主要业务
  (一)公司主要业务情况
  公司是集成电路封装测试服务提供商,为全球客户提供从设计仿真到封装测试的一站式服务。公司的产品、技术、服务全方位覆盖了人工智能、高性能计算、大数据存储、显示驱动、5G等网络通讯、信息终端、消费终端、物联网、汽车电子、工业控制等多个领域,满足了客户的多样化需求。
  公司总部位于江苏南通,拥有全球化的制造和服务网络,在南通、合肥、厦门、苏州、马来西亚槟城布局九大生产基地,实现了高效率和高质量的生产能力,为全球客户提供快速和便捷的服务,在全球拥有超两万名员工。公司与客户紧密合作,致力于成为国际级集成电路封测企业,通过技术创新、市场拓展和产能提升等措施,不断提升公司的核心竞争力和市场地位。同时,公司也将积极响应国家产业政策导向,依托国家产业基金的支持,抓住集成电路产业快速发展的历史机遇,为推动我国集成电路产业的进步和发展做出贡献。报告期内,公司的经营模式未发生变化。
  (二)公司所处行业情况
  1.2026年上半年半导体市场情况
  2026年上半年,在AI的驱动下,全球半导体产业进入新的超级周期,行业市场空间显著扩容。据世界半导体贸易统计组织(WSTS)统计,2026年上半年全球半导体市场营收达7,020亿美元,较2025年同期增长102%,并预计2026年全年营收有望达到1.65万亿美元,较2025年全年同比增长108%,这将是全球半导体市场首次突破1万亿美元大关。WSTS表示,在人工智能基础设施、高性能计算和先进存储技术等领域持续投资的推动下,半导体产业今年上半年保持强劲成长态势。其中,以存储表现最凸出,上半年营收较去年同期增长达305%,逻辑电路产品营收也同比增长45%。放眼国内,根据Omdia《2026年第二季度,半导体应用领域市场预测工具(AMFT)-中国地区》报告数据显示,2026年中国半导体市场预计同比增长率将大幅上修至92.9%,达8,120.8亿美元,相较此前预期上调了2,656亿美元。国内的出口数据同样显现出行业发展的强劲势头。据海关总署统计,上半年我国集成电路出口额为1772.8亿美元,同比大增96%,几乎翻倍;服务器、计算机等自动数据处理设备出口上涨41.3%,达1380.8亿美元。6月当月,我国集成电路出口额达382.1亿美元,在整体出口额中占比9.3%,为第一大类出口商品,对整体出口增速的拉动作用达6.5个百分点。
  2026年上半年,全球半导体需求结构呈现高度分化的“AI拉动”与“消费承压”并存格局。其中,以AI服务器与存储芯片为代表的算力相关需求已成为不可逆的全局增长引擎。新能源汽车销量增速放缓,转向存量结构化升级,消费电子领域持续承压。同时,全球成熟制程供给端迎来“量缩价涨”的深刻重构,国内晶圆厂正处于近年来最有利的供需格局中,我国在成熟制程领域的产能优势将进一步确立。
  2026年上半年,我国半导体终端客户呈现清晰的分层特征,高端市场以技术引领、高度定制为主,集中于AI服务器、智驾及折叠旗舰;中端市场注重性价比与迭代速度,体现在主流新能源汽车与智能家居领域;基础市场则以满足功能、价格优先为特征。高端市场方面,受AI算力需求拉动,高性能AI芯片及电源管理IC、功率器件等配套芯片的需求涨势强劲。同时,智能驾驶技术向高中低端车型加速下沉以及舱驾融合芯片等新形态产品的落地,共同推动智驾芯片需求延续增长。中端市场方面,新能源汽车渗透率持续高位运行,市场逐步向存量竞争与结构升级切换。基础市场方面,燃油车与消费电子的疲弱态势造成了结构性压力。整体而言,半导体行业的供需关系由此前的需求结构切换,逐步体现为不同技术层级、不同应用场景之间的结构性差异,供给端产能利用率分化格局持续存在。
  2.行业相关政策
  2026年上半年,国家出台了一系列政策支持半导体集成电路产业发展。
  2026年3月,十四届全国人大四次会议审议批准了《中华人民共和国国民经济和社会发展第十五个五年规划纲要》,将集成电路产业提升至国家战略核心层面,立足“自主可控、安全高效、协同发展”的核心目标,以新型举国体制为支撑,推动产业从“规模扩张”向“质量提升”转型,从“跟跑追赶”向“并跑领跑”跨越。打破产业链各环节割裂局面,推动设计、制造、封装测试、设备、材料等环节协同联动,重点强化“设备-材料-设计”全链条攻坚,推动Chiplet、先进封装等新技术与全产业链深度融合,提升产业链整体韧性和竞争力。
  2026年4月,国家发展和改革委员会等部门发布《关于做好2026年享受税收优惠政策的集成电路企业或项目、软件企业清单制定工作的通知》(发改高技〔2026〕487号),延续集成电路分层税收优惠框架,持续落实不同制程晶圆制造企业所得税减免政策;首次清晰将集成电路关键原材料、先进封装测试企业纳入优惠申报范围,覆盖大硅片、光刻胶、靶材、封装载板、抛光材料等上游配套领域;同步衔接集成电路企业研发费用加计扣除提升政策,持续降低产业链研发与生产经营成本。文件明确清单覆盖设计、生产、特色工艺、化合物半导体、先进封测、关键材料全链条主体,稳定行业长期发展。
  (三)报告期公司经营情况
  1、抓住行业强劲成长势头,实现业务多元化增长
  2026年上半年,全球半导体市场在AI算力基建、高性能计算、汽车电动智能化、存储周期上行及模拟芯片国产化等多重结构性需求叠加下,延续高景气运行。公司紧扣“AI+存储+车载+国产客户”四条增长曲线,精准承接算力、存储等高增长市场领域,市场开拓与产能利用同步走强,交出“营收提速、中高端产品占比提升、利润大幅跃升”的半年答卷。
  在圆片级与先进封装平台方面,公司在音频、PMIC、射频、AI边缘芯片等领域与国内头部设计公司全面合作,薄DieHybridSiP双面封装、光电合封(CPO)技术通过可靠性验证,展现出从传统封装向“高性能+高密度+系统化”封测平台升级的技术实力。车载业务在电动化、智能座舱、底盘域控、功率半导体升级趋势下继续扩张,客户覆盖数量进一步增加,产品从车载MCU、功率器件、车载存储延伸至智能座舱主控、底盘控制、车规级电源与传感封装;依托南通、合肥等国内基地的产能协同,公司实现对多家头部车企与Tier1的就近配套,车载封测收入保持高双位数增长。公司精准把握模拟芯片国产化窗口,与国内电源管理头部客户形成产能与技术战略互补,PMIC圆片级封装、SiP、Bumping等需求旺盛。显示驱动领域在2025年突破两大龙头客户基础上,2026年上半年产值延续两位数增长,客户结构从消费电子向工业、车载显示横向拓展。2026年上半年,通富微电在AI算力爆发、存储周期上行、汽车电子渗透、国产芯片转单四股力量共振下,实现了从“满产增效”到“结构提质”的半年跃迁,为全年高端封测份额提升与盈利弹性释放打下坚实基础。
  2026年上半年,公司大客户AMD的营收和盈利均创下历史新高,其中数据中心业务营收同比增长了一倍以上。随着EPYC处理器需求加速增长、Instinct产品部署规模扩大以及Helios项目开始提速,AMD正带着强劲势头迈入下半年。2026年第二季度,AMD数据中心部门的收入为67亿美元,较上年同期的32.4亿美元增长107%,这主要得益于市场对AMDEPYC处理器和AMDInstinctGPU的需求;客户端与游戏业务部门营收38亿美元,同比增长6%;其中,客户端业务营收为31亿美元,较上年同期的25亿美元增长23%,主要受AMDRyzen处理器需求推动。大客户AMD业务强劲增长,也为公司的营收规模提供了有力保障。2026年上半年,通富超威苏州、通富超威槟城延续2025年高质量发展态势,紧抓全球AI与高端服务器产业红利,经营业绩、运营管理、产能布局、技术研发及智能制造均取得阶段性突破。经营业绩层面,通富超威苏州、通富超威槟城整体上半年营收创历史新高。苏州工厂和槟城工厂协同发力,对国内与海外市场精准布局,有效承接增量订单,持续优化盈利结构。运营管理方面,通过两家工厂资源整合、流程对标改善,稳步提升生产效率、严控生产成本,产品品质与客户满意度持续向好。同时完善人才梯队建设,为业务增长筑牢运营与人才支撑。苏州工厂和槟城工厂产能端紧扣AI、高算力产品增长需求,持续推进高端产能扩充、生产空间拓展与设备升级,优化高端封测产能布局,有效解决产品交付瓶颈,进一步提升高端产品交付能力与市场竞争力。同时,技术研发持续前瞻布局,在2025年3nm工艺投产基础上,重点攻坚2nm技术节点,依托优质客户资源积累先进技术储备。上半年累计申请专利38项、软著20项,持续构筑差异化技术壁垒。在智能制造领域持续升级,以人工智能赋能生产运营,将智能技术融入生产核心场景,实现提质、增效、优化人员配置的多重成效,推动生产模式向智能化、数字化进阶。
  得益于公司战略精准定位和经营策略的有效执行,2026年上半年,公司实现营业收入160.41亿元,同比增长23.03%;公司归属于上市公司股东的净利润17.17亿元,同比增长316.77%。未来,公司将持续深耕主业,推进产能扩建、先进工艺落地与智能体系升级,强化全球化协同优势,稳固行业核心竞争力,保障业务持续稳健增长。
  展望2026年下半年,业界分析认为,AI需求仍是半导体行业景气上行的核心驱动力。以AI眼镜、AI穿戴/耳机、智能家居等为代表的新兴AI终端需求正快速提升。细分领域景气度将出现明显分化,具备AI交互与场景创新属性的新兴硬件有望成为结构性增量来源,驱动消费电子产业链进入“存量替代与增量突破”并行的新阶段。同时,AI大模型正从千亿参数向万亿参数迭代、高性能GPU算力密度持续提升、高带宽存储作为算力配套需求快速增长,三者共同对芯片I/O密度、存储带宽、异构集成能力提出更高要求,进一步推动先进封装市场持续扩张。未来,在摩尔定律趋近物理极限叠加国内先进晶圆制程外部约束的背景下,封装从传统后道“保护+引脚引出”的配套工序,升级为“靠异质集成、芯粒拼接延续芯片性能爬坡”的核心路径。这种定位抬升使封测行业跳出传统封测的同质化竞争,拿到和晶圆厂、芯片设计公司对等协同的话语权,也能承接国产算力芯片、AI芯片的自主化封装需求,将成为国内半导体产业链绕开单点制程卡脖子的关键突破口。
  2、公司技术研发水平不断精进
  2026年上半年,公司在技术研发方面取得诸多进展。
  2D+多维堆叠高性能先进封装技术方面,公司深耕2D+多维堆叠先进封装,以VISIONS平台为核心支撑,集成硅中介层、垂直堆叠及嵌入式多桥接等多元技术方案,实现多颗Chiplet异构集成与更高互连密度、更优能效比。技术层面,硅通孔(TSV)间距持续微缩,散热与翘曲控制达行业领先水平。
  公司坚定将高性能先进封装作为突破摩尔定律、提升芯片系统性能的关键路径。2026年上半年,先进封装业务营收占比稳步提升,多款产品已批量导入高性能计算、推理芯片等领域。
  光电融合领域,公司推进光电合封(CPO)技术攻关,基于先进封装平台构建光电子集成电路(PIC)与电子集成电路(EIC)异构集成能力,已为多个客户提供多元化解决方案,有力支撑下一代数据中心1.6T及以上速率的低功耗光互连需求。
  在存储器(Memory)方面,公司在高堆叠封装赛道上,完成LPDDR16DP和rNand64DP产品技术方案开发,巩固存储封装龙头地位。在垂直打线先进封装技术方面,VFO成功实现了首次ES封装交付,VCS全线工艺验证完成,在三位维集成领域迈出关键一步。
  前沿布局方面,公司正积极布局混合键合(HybridBonding)技术,突破传统微凸块密度极限,实现亚微米级无凸块互连。
  公司秉持创新驱动发展战略,深耕技术研发与自主创新。截至2026年6月30日,集团累计专利申请超1,800件,授权专利总量超800项,知识产权矩阵持续扩容,为企业技术积累与产品迭代奠定了坚实基础。
  3、重大工程建设稳步推进,拓展长远发展空间
  2026年上半年,公司紧扣整体战略发展规划,全力推动各生产基地改扩建及基础设施配套工程落地实施。崇川工厂、通富通科、厦门通富、通富超威苏州、通富超威槟城各生产基地改造工程有序推进,累计完成改造面积约3.9万平方米,在建项目规模约14万平方米,持续优化各厂区生产布局;配套设施方面,苏州及槟城两地110KV新建变电站项目建设工程稳步开展,项目投运后将显著补强基地供电能力,为集团产能扩张提供可靠电力支撑。
  4、聚力组织提效,厚植人才根基
  2026年上半年,公司紧扣“有序、高效、受控”方针,积极响应国家集成电路产业发展战略,深度落地2026集成电路生态链协同与高质量发展大会核心部署,将“感恩奋进、乘势而上、合作共赢”理念融入人力资源管理中。持续推进管理流程优化,夯实组织能力与人才底盘,聚焦人才梯队建设与多元激励,持续打造高韧性人才体系,有力支撑先进封装战略落地。
  (1)坚持架构与战略需求深度适配,紧扣十五五产业战略布局与集成电路产业高质量发展大势,围绕端到端战略主航道,推动组织从“单组合力”升级为“整体合力”,强化全域链资源整合与规模效应,持续提升组织穿透力与战略协同能级,让营销听得见炮火,让研发看得见市场,让生产守得住底线,让组织真正服务于核心任务,以高效组织协同适配半导体产业新周期、先进封装规模化普及的行业趋势,确保战略有序推进与业务成果持续领先。
  (2)围绕核心技术与重点业务方向,公司统筹推进外部引才与内部育才工作。立足产业创新攻坚、高端人才培育的产业协同发展要求,持续落地六边形人才模型,拓宽行业专家引进、校招及校企合作渠道,夯实大学生人才池,健全应届生全周期培育机制;依托干部培养、导师带教分层赋能,优化青年干部与工程技术人才梯队,不断充实关键领域人才储备。
  (3)激励体系持续优化,坚持绩效与利润导向,完善差异化考核分配机制,统筹短期绩效激励与长期人才留任,激发全员提质增效活力。推进人力资本数字化管理,以数据驱动人效提升,落实向管理要效益,锚定“科技为基、产业为柱、文化为魂”发展要义,凝聚企业高质量发展内生动力。
  站在“十五五”新征程的起点上,公司将勇担科技自立自强历史责任,凝心聚力、创新攻坚,久久为功,推动组织、人才、激励体系协同联动,持续将人才优势转化为业务竞争优势,积极发挥产业联结者、共建者、赋能者作用,为集团高质量发展提供稳定坚实的人才支撑。

  二、核心竞争力分析
  报告期内,公司牵头主办了“2026集成电路生态链协同与高质量发展大会”,提出“感恩奋进、乘势而上、合作共赢”主题。公司愿成为产业生态的联结者、共建者、赋能者,协助打通“终端—设计—制造—封测”的协同创新链。公司锚定主业发展方向,以持续技术创新为抓手,积极强化核心竞争力。公司坚持“以人为本,产业报国,传承文明,追求高远”的企业文化,贯彻“诚信、客户导向、承诺、创新”的企业文化核心价值观,为客户提供“一站式解决方案”,努力建设成为世界级的集成电路封测企业。
  1)丰富的国内外市场开发经验和优质的客户群体
  公司以超前的意识,主动融入全球半导体产业链,积累了多年国内外市场开发的经验,使得公司可以更了解不同客户群体的特殊要求,进而针对其需求进行产品设计并提供相应高质量的服务,与主要客户建立并巩固长期稳定的合作关系。公司客户资源覆盖国际巨头企业以及各个细分领域龙头企业,大多数世界前20强半导体企业和绝大多数国内知名集成电路设计公司都已成为公司客户。公司全面开发欧美、大陆、中国台湾及亚太等地区的客户及市场,努力实现客户多元化,增强有效对冲行业周期性波动风险的能力。
  通过并购,公司与AMD形成了“合资+合作”的强强联合模式,建立了紧密的战略合作伙伴关系。公司是AMD最主要的封测供应商,占其相关产品的80%以上,未来随着大客户业务的成长,上述战略合作将使双方持续受益。
  2)行业一流的封装技术水平和广泛的产品布局优势
  公司建有国家认定企业技术中心、国家级博士后科研工作站、省级技术中心和工程技术研究中心等高层次创新平台,拥有一支专业的研发队伍,先后与中科院微电子所、中科院微系统所、清华大学、北京大学、华中科技大学等知名科研院所和高校建立了紧密的合作关系,并聘请多位专家共同参与新品新技术的开发工作。
  作为国家高新技术企业,公司先后承担了多项国家级技术改造、科技攻关项目,并取得了丰硕的技术创新成果。公司在发展过程中不断加强自主创新,并在多个先进封装技术领域积极开展国内外专利布局。截至2026年6月30日,集团累计专利申请量突破1,800件,其中发明专利占比近70%;同时,公司先后从富士通、卡西欧、AMD获得技术许可,使公司快速切入相关封测领域,为公司进一步向高阶封测迈进,奠定坚实的技术基础。
  公司紧紧抓住市场发展机遇,面向未来高附加值产品以及市场热点方向,立足长远,大力开发扇出型、圆片级、倒装焊等封装技术并扩充其产能;此外,积极布局Chiplet、2D+等顶尖封装技术,形成了差异化竞争优势。
  公司的产品、技术、服务全方位涵盖人工智能、高性能计算、大数据存储、显示驱动、5G等网络通讯、信息终端、消费终端、物联网、汽车电子、工业控制等领域。广泛的产品布局优势,有利于实现多元化增长动能,有效对冲行业周期性波动风险。
  3)多地布局和跨境并购带来的规模优势
  公司抓住行业发展机遇,坚持聚焦发展主业的指导方针,注重质量,加快发展,持续做大做强。公司先后在江苏南通崇川、南通苏通科技产业园、安徽合肥、福建厦门、南通市北高新区建厂布局;通过收购AMD苏州及AMD槟城各85%股权,在江苏苏州、马来西亚槟城拥有生产基地。公司于2025年2月13日完成了以自有资金收购京隆科技26%股权的交割工作,京隆科技运营模式和财务状况良好,其在高端集成电路专业测试领域具备差异化竞争优势,公司收购京隆科技部分股权可形成战略协同,且提高公司投资收益,为公司带来稳定的财务回报,为全体股东创造更多价值。
  目前,公司在南通拥有3个生产基地,同时,在苏州、槟城、合肥、厦门也积极进行了生产布局,产能方面已形成多点开花的局面,有利于公司就近更好地服务客户,争取更多地方资源。同时,先进封装产能的大幅提升,为公司带来更为明显的规模优势。
  4)完善的质量管理体系和先进的智能化管理优势
  早在1995年,公司在国内同行业中率先通过了ISO9002质量管理体系认证;此后,公司又先后通过了ISO9001、ISO14001、IATF16949、ISO45001、GB/T29490、QC080000、ANSI/ESDS20.20、GB/T23001、ISO27001、ISO50001、ISO20000、两化融合管理体系评定(4A级)等体系认证,并获得相应证书。上述认证体系的建立,能较好的监督、控制公司的经营和规范运作,使得公司的运营管理更加科学高效,公司能更好地融入国际半导体产业链,为客户提供优质服务。
  2026年上半年,公司坚持以数智融合和智能化转型为主线,全面推进领航级智能工厂建设和运营管理智能化升级,围绕生产、供应链、销售及客户服务等核心业务领域,加快推进质量根因分析、智慧供应链、智能报价、客户服务机器人等AI创新场景建设,积极探索人工智能赋能业务发展的新模式。同步推进集团系统标准化推广及智能化能力建设,持续增强企业运营效率和管理水平,为建设国家领航级智能工厂、迈向全面数智化运营新阶段提供有力支撑。

  三、公司面临的风险和应对措施
  1)行业与市场波动的风险
  全球半导体行业具有技术呈周期性发展和市场呈周期性波动的特点,半导体行业与市场的波动会对公司的经营业绩产生一定影响。同时,受国内外政治、经济因素影响,如市场需求低迷、产品竞争激烈,将会影响产品价格,对公司的经营业绩产生一定影响。公司将密切关注市场需求动向,积极进行产品结构调整,加快技术创新步伐,降低行业与市场波动给公司带来的经营风险。
  2)新技术、新工艺、新产品无法如期产业化风险
  集成电路封装测试行业属于技术密集型行业。公司作为专业的集成电路封装测试厂商,需要紧跟整个行业的发展趋势,及时、高效地研究开发符合市场和客户需求的新技术、新工艺及新产品并实现产业化。如果公司在技术研发上出现一些波折,不能及时加大资本投入进行新技术的研发,或不能及时购入先进设备研制生产更先进的封装产品,公司将面临新技术、新工艺、新产品无法如期产业化风险。对此,公司将集中资源,主攻技术含量高、市场需求大的新产品,努力在技术研发层面上少走弯路;公司核心技术骨干和管理力量也将优先服务于新技术、新工艺、新产品,缩短客户认证时间;准备专项资金,用于新产品的产能建设,确保新产品如期产业化。
  3)主要原材料供应及价格变动风险
  公司产品生产所需主要原材料为引线框架/基板、键合丝和塑封料等。由于公司外销业务比例较高,境外客户对封装的无铅化和产品质量要求较高,用于高端封测产品的主要原材料以进口为主。未来,如果原材料市场供求关系发生变化,造成原材料价格上涨,或者因供货商供货不足、原材料质量问题等不可测因素影响公司产品的正常生产,对公司业绩产生一定影响。
  4)汇率风险
  2024年、2025年及2026年上半年,公司出口销售收入占比分别为66.01%、66.59%、63.40%,以外币结算收入占比较高。如果人民币对美元汇率大幅度波动,将直接影响公司的出口收入和进口成本,并使外币资产和外币负债产生汇兑损益,对公司业绩产生一定影响。
  5)国际贸易风险
  公司作为封测代工企业,从产业链角度受贸易争端影响较小,且报告期内公司自中国大陆直接出口至美国的业务收入及占比较小。未来,如果相关国家与中国的贸易摩擦持续升级,限制进出口或提高关税,公司可能面临设备、原材料短缺和客户流失等风险,进而导致公司生产受限、订单减少、成本增加,对公司的业务和经营产生一定影响。 收起▲

产品价格

数据截至(20260914)
[""]
20260914,56.78,11824.00,-2.1034482758621,0,20260914
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